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Hackers Steal 62 Billion Shillings from Uganda's Central Bank

/ 1 min read

Hackers steal millions from Uganda’s central bank. Uganda’s central bank has confirmed a significant security breach involving the theft of approximately 62 billion shillings ($16.8 million) by a group of financially-motivated hackers known as “Waste.” The attack, which occurred in early November, compromised several bank accounts, prompting an investigation by the police’s Criminal Investigations Department and an audit by the finance ministry. State minister for finance Henry Musasizi assured parliament that over half of the stolen funds have already been recovered, with UK authorities freezing around $7 million. The opposition has raised concerns about the implications of the breach, emphasizing the need for transparency regarding the incident.